By Dewi Kurniawati

JAKARTA, April 4 (Reuters) -Malaysian palm oil futures rose on Thursday for a fifth straight session, tracking gains in rival soyoil prices on the Chicago Board of Trade.

The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange rose 13 ringgit, or 0.29%, to 4,420 ringgit ($932.69) a metric ton in early trade.

FUNDAMENTALS

* The Dalian Commodity Exchange is closed on Thursday and Friday for the Qingming festival. Soyoil prices on the Chicago Board of Trade BOc2 were up 0.43%.

* Palm oil is affected by price movements in related oils as they compete for a share of the global vegetable oils market.

* India's rapeseed and mustard output is likely to rise 7% from last year to a record 12.09 million metric tons in 2024. This will help the world's biggest vegetable oil importer cut back on edible oil imports.

* India's palm oil imports hit a 10-month low in March to 481,000 tons, as the top vegetable oil buyer increased sunflower oil imports amid lower prices, traders said.

* Exports of Malaysian palm oil products for March were seen up between 11.77% and 29.2%, cargo surveyors Intertek Testing Services, AmSpec Agri and Societe Generale de Surveillance said.

* Palm oil may retest support at 4,378 ringgit per ton, as it is due for a correction, according to Reuters' technical analyst Wang Tao.TECH/C

MARKET NEWS

* Asian shares rallied as U.S. rate cuts remained on the menu, even if their timing was unclear, while the yen slid against everything except the dollar and boosted Japanese stocks.MKTS/GLOB

* Oil prices rose on concerns of lower supply as major producers are keeping output cuts in place and on signs of stronger economic growth in the U.S., the world's biggest oil consumer.O/R

DATA/EVENTS (GMT)

0500 India HSBC: Services - Business Activities March

0750 France HCOB Services, Composite PMI March

0755 Germany HCOB Services, Composite PMI March

0800 Euro Zone HCOB Services, Composite PMI March

0830 UK S&P Global PMI: Composite - Output March

0900 Germany Overall Comprehensive Risk Q2

0900 France Overall Comprehensive Risk Q2

0900 UK Overall Comprehensive Risk Q2

0900 Russia Overall Comprehensive Risk Q2

1230 US International Trade $ Feb

1230 US Initial Jobless Claim weekly

($1 = 4.7390 ringgit)

Reporting by Dewi Kurniawati; Editing by Subhranshu Sahu

For a table on Malaysian physical palm oil prices, including refined oil, Reuters Terminal users can double click on or type OILS/MY01. * To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and Rotterdam, please key in OILS/ASIA2 and press enter, or double click between the brackets. * Reuters Terminal users can see cash and futures edible oil prices by double clicking on the codes in the brackets: To go to the next page in the same chain, hit F12. To go back, hit F11. Vegetable oils OILS/ASIA1 Malaysian palm oil exports SGSPALM1 CBOT soyoil futures 0#BO: CBOT soybean futures 0#S: Indian solvent SOLVENT01 Dalian Commodity Exchange DC/MENU Dalian soyoil futures 0#DBY: Dalian refined palm oil futures 0#DCP: Zhengzhou rapeseed oil 0#COI: European edible oil prices/trades OILS/E